Welcome to our dedicated page for Gates Industrial news (Ticker: GTES), a resource for investors and traders seeking the latest updates and insights on Gates Industrial stock.
Overview
Gates Industrial Corporation PLC (NYSE: GTES) is a global manufacturer renowned for its engineered power transmission and fluid power solutions. With a history dating back to 1911, the company has established a reputation for delivering critical, high-performance components across diverse sectors such as automotive, construction, agriculture, energy, and transportation. Its products, including premium power transmission belts and innovative fluid power components, are designed to operate reliably in demanding and mission-critical industrial applications, where the cost of failure far outweighs the product cost.
Business Segments
Gates Industrial operates primarily through two well-defined business segments:
- Power Transmission: This segment focuses on conveying power and controlling motion using engineered belts, chains, cables, geared transmissions, and direct drives. These solutions are integrated into systems where precision and reliability are paramount, serving global markets in both OEM (first-fit) and replacement channels.
- Fluid Power: Dedicated to hydraulic and fluid conveyance applications, this segment produces hoses and rigid tubing assemblies. These components are crucial in transferring power, fluids, gases, or granular materials in industrial, automotive, and other specialized markets.
Market Coverage and Global Presence
With operations spanning the United States, United Kingdom, Luxembourg, and broader EMEA regions, Gates Industrial supplies its products to customers worldwide. Its global footprint ensures that distributors, original equipment manufacturers, and installers across more than 130 countries recognize and rely on the premium quality and technological sophistication of the Gates brand. The company’s enduring commitment to quality has earned it a solid and respected market position, enabling it to serve both high-demand industrial markets and everyday consumer applications.
Competitive Position and Differentiators
Gates Industrial distinguishes itself in a competitive landscape by offering a comprehensive portfolio that spans both replacement and first-fit applications. Key differentiators include:
- Engineering Excellence: The company’s long history of innovation is evident in its sophisticated design and manufacturing processes that consistently meet strict reliability standards.
- Technological Innovation: Gates invests in advanced materials science and engineering initiatives that drive improvements in performance and efficiency, ensuring its products remain at the cutting edge of industrial applications.
- Operational Flexibility: By serving a broad array of end markets—from harsh, hazardous conditions to everyday applications—the company provides versatile solutions that can be customized to the specific needs of diverse industries.
Engineering and Innovation
The company’s commitment to innovation is not merely about product development but also about enhancing manufacturing performance. Its enterprise initiatives focus on optimizing operational efficiency and improving product quality, which in turn help maintain robust gross margins even in competitive and fluctuating demand environments. This focus on engineering and operational excellence underlines Gates Industrial's ability to deliver reliable, long-lasting products that meet the exacting standards of industrial, automotive, and fluid conveyance applications.
Customer Base and Applications
Gates Industrial’s products are integral to applications where even minor failures can have significant cost implications. Customers include:
- OEMs requiring high-quality, application-specific components for new machinery and vehicles.
- Replacement channel customers who demand reliable aftermarket solutions to restore critical operations.
- End users in industrial settings ranging from heavy machinery to specialized consumer products such as power washers and vacuum cleaners.
Reliability and Engineering Heritage
With over a century of engineering expertise, Gates Industrial exemplifies reliability and technological sophistication. Its products are designed to perform under extreme conditions and are a vital part of many systems where exceptional performance is non-negotiable. This engineering heritage forms the cornerstone of its brand reputation and is a key driver in its continuous pursuit of innovation and quality.
Conclusion
Gates Industrial Corporation PLC offers an in-depth, engineering-driven approach to power transmission and fluid power solutions. By leveraging advanced manufacturing techniques and a global operational footprint, the company delivers products that underpin the performance of critical industrial, automotive, and construction applications. Its commitment to premium quality and innovation reaffirms its standing as a trusted supplier across a diverse range of end markets.
Gates (NYSE: GTES) has announced the launch of Data Master MegaFlex, a revolutionary large-diameter cooling hose designed for data center applications. The product, available from April 2025, expands the company's data center portfolio following the 2024 release of Data Master small-diameter hose.
The new hose, ranging from 1.25" to 2" in diameter, features up to 75% tighter minimum bend radius than competitors, enabling easier installations and cleaner layouts in high-density environments. Engineered with peroxide-cured EPDM tube, it ensures compatibility with multiple coolant types, including PG25, for optimal performance in closed-loop systems.
This innovation specifically targets high-flow liquid cooling systems in data centers, focusing on critical connections between cooling distribution units (CDUs) and rack manifolds, addressing the intense thermal loads of high-density server environments.
Gates Industrial plc (NYSE: GTES), a leading manufacturer of power transmission and fluid power solutions, has announced its participation in the upcoming J.P. Morgan Industrials Conference in New York City. The event is scheduled for Wednesday, March 12, 2025, where Brooks Mallard, Chief Financial Officer, will deliver a presentation at 4:40 pm Eastern Time.
Investors and interested parties can access a live webcast of the presentation through the Events & Presentations section on Gates Industrial's Investor Relations website at investors.gates.com.
Gates Industrial (NYSE: GTES), a global manufacturer of innovative power transmission and fluid power solutions, has announced its participation in two major investor conferences. CEO Ivo Jurek will engage in fireside chats at:
- The Citi Global Industrial Tech and Mobility Conference on Tuesday, February 18, 2025, at 1:50 p.m. Eastern time
- The Barclays Industrial Select Conference on Wednesday, February 19, 2025, at 1:15 p.m. Eastern time
Interested parties can access live webcasts of both presentations through the Events & Presentations section on Gates' Investor Relations website at investors.gates.com.
Gates Industrial (NYSE: GTES) reported Q4 2024 results with net sales of $829.4M, down 3.9% year-over-year, including a core sales decline of 2.6%. Q4 net income was $36.6M ($0.14 per diluted share), compared to $62.9M ($0.24 per share) in Q4 2023.
Full-year 2024 performance showed net sales of $3,408.2M, a 4.5% decline, with core sales down 3.5%. Annual net income reached $194.9M ($0.74 per share), versus $232.9M ($0.84 per share) in 2023. The company generated $379.6M in operating cash flow.
The company's adjusted EBITDA margin improved to 22.3% for 2024, up from 20.9% in 2023. For 2025, Gates forecasts core sales growth between -0.5% and +3.5%, with adjusted EBITDA of $735M to $795M and adjusted EPS of $1.36 to $1.52.
Gates Industrial (NYSE:GTES) has announced it will release its fourth-quarter 2024 earnings report before market opening on Thursday, February 6, 2025. The company will host a webcast and conference call at 11:00 a.m. Eastern time on the same day to discuss the financial results.
Investors can access the conference call by dialing (888) 414-4601 (domestic) or +1 (646) 960-0313 (international) with Conference ID 5772067. A live webcast will be available through Gates Industrial's investor website. An audio replay will be accessible from 1:00 p.m. Eastern time on February 6 until February 13, 2025, via phone or the company's website.
Gates Industrial (NYSE: GTES) announced its management's participation in two upcoming investor conferences. The company will participate in fireside chats at the Baird Global Industrial Conference on November 13, 2024, at 4:05 p.m. Central time, where CEO Ivo Jurek will present. Additionally, CEO Ivo Jurek and CFO Brooks Mallard will present at the Goldman Sachs Industrials & Materials Conference on December 4, 2024, at 2:00 p.m. Eastern time. Live webcasts of both presentations will be available through the Events & Presentations section of Gates' Investor Relations website.
Gates Industrial announced the pricing of a secondary offering of 11,635,224 ordinary shares by selling stockholders affiliated with Blackstone Inc. The shares are priced at $19.40 per share, with the offering expected to close on November 5, 2024. Gates will not receive any proceeds from this offering as it's not offering any shares directly. Goldman Sachs & Co is serving as the book-running manager for the offering.
Gates Industrial announced a secondary offering of 11,635,224 ordinary shares by selling stockholders affiliated with Blackstone Inc. The company itself is not offering any shares and will not receive any proceeds from the sale. Goldman Sachs & Co is serving as the book-running manager for the offering. The company has filed a registration statement with the SEC, and interested investors can access documents through the SEC's EDGAR website or request them from Goldman Sachs.
Gates Industrial (NYSE:GTES) reported Q3 2024 results with net sales of $830.7 million, down 4.8% year-over-year. Net income was $47.6 million ($0.18 per diluted share), while Adjusted Net Income reached $86.9 million ($0.33 per diluted share). The company's Adjusted EBITDA was $182.5 million with a 22.0% margin, showing a 30 basis points expansion.
The company increased its full-year 2024 Adjusted EPS guidance to $1.33-$1.37. Both Power Transmission and Fluid Power segments saw revenue declines, with core sales dropping 3.3% and 4.7% respectively. Operating cash flow year to date was $188.7 million, compared to $291.7 million in the prior year.
Gates Industrial plc (NYSE: GTES) has announced the release date for its third-quarter 2024 earnings. The company will issue its earnings release before the market opens on Wednesday, October 30, 2024. Following this, management will host a webcast and conference call at 11:00 a.m. Eastern time to discuss the financial results.
Investors can access the conference call by dialing (888) 414-4601 (domestic) or +1 (646) 960-0313 (international) and requesting the Gates Industrial Third-Quarter 2024 Earnings Conference Call or providing the Conference ID of 5772067. A live webcast will also be available through Gates Industrial's website at investors.gates.com.
An audio replay of the conference call will be accessible from approximately 1:00 p.m. Eastern time on October 30, 2024, until 11:59 p.m. Eastern time on November 6, 2024. It can be accessed by dialing (800) 770-2030 (domestic) or +1 (647) 362-9199 (international) and providing the passcode 5772067, or through the company's website.
FAQ
What is the current stock price of Gates Industrial (GTES)?
What is the market cap of Gates Industrial (GTES)?
What are the primary business segments of Gates Industrial?
How does Gates Industrial differentiate itself in the market?
Who are the typical customers of Gates Industrial?
In what geographic regions does Gates Industrial operate?
What industries benefit most from Gates Industrial's products?
How does Gates Industrial ensure the quality of its products?
What role does innovation play at Gates Industrial?
How are Gates Industrial's products used in the automotive sector?
